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$PFE 2Q15 Q&A: For the question on threshold for completing an inversion asked by Fernandez of Leerink, Frank replied that prior to Sept. 22 proposed rule changes by the IRS, hurdle is less than 80%. The hurdle was lowered to less than 60%, meaning PFE has to do a larger acquisition to get full benefits; went from less than 80% to less than 60%.
$NFLX a monster move, going up. Expect making some money on Monday.
$AMD down more than 6% even after posting above consensus third quarter results.
$MCD stock rose more than 2% after it posted better than expected 3Q16 results, driven by global same-store sales growth. Meanwhile, earnings and revenue were lower than last year, hurt by refranchising efforts.